REITs start to look cheap, attractive
Real estate investment trusts are starting to look more appetizing to investors after REITs left a sour taste in their mouths from market volatility. Annaly Capital Management (NLY) is an example of a shining light in the segment and one of the better REITs. Per Barron’s Blog:
DoubleLine Capital‘s Jeff Gundlach was again praising mortgage real-estate investment trusts now that they’re trading at significant discounts to book value following a months-long rout. Gundlach, ever the opportunistic investor, had still been down on REITs not even three months ago based simply on valuation, but now he likes them at current values.